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Home» Questions»Q 93677
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Precious
PreciousKnowledge Seeker
Asked: September 10, 20232023-09-10T13:45:24+00:00 2023-09-10T13:45:24+00:00In: Money & Business

Are there other safe way of saving except bank?

We all know that bank is the safest place to easily save our money because of tight security, but some people are scared of going to bank especially the illiterate.

So guys, do we have another safest place to save our money except bank?

banksmoneysavings tips
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3 Answers

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  1. Crystal
    Crystal Knowledge Seeker Experience on Blockchain technologies.
    2023-09-11T13:23:06+00:00Added an answer on September 11, 2023 at 1:23 pm

    They're many ways of saving money apart from Bank account. Even if illiterates didn't want to visit bank for money issue, he or she can invest the money on real estate business like buying property which can be a long term way to grow the money. Another way of saying money is cryptocurrency. Under cRead more

    They’re many ways of saving money apart from Bank account.

    Even if illiterates didn’t want to visit bank for money issue, he or she can invest the money on real estate business like buying property which can be a long term way to grow the money.

    Another way of saying money is cryptocurrency.

    Under cryptocurrency there’s what we know as staking, which allow you to earn rewards by locking up your tokens to support the network. You can stake your money even as USDT for a long term.

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  2. eldavis
    eldavis Enlightened Mentor Graphic designer
    2023-09-10T16:51:27+00:00Added an answer on September 10, 2023 at 4:51 pm

    There are so many ways to save, before the modern banks we have today, most people even till date usually use box to save. They would lock the box with a padlock or something strong then they would create a small hole where they can put in money. After they have done this, they would only break theRead more

    There are so many ways to save, before the modern banks we have today, most people even till date usually use box to save. They would lock the box with a padlock or something strong then they would create a small hole where they can put in money. After they have done this, they would only break the box when they need their money. Even till date a lot of people still make use of this method to save.

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  3. Abigael
    Abigael Trusted Adviser Abigael
    2023-09-12T19:31:06+00:00Added an answer on September 12, 2023 at 7:31 pm

    These days, you do not have to go to the bank physically to save money. You can easily save through mobile banking. That is my most preferred saving method. You could also save through joining contribution groups. Those will help you a lot if you don't want to go to the bank or if you don't have selRead more

    These days, you do not have to go to the bank physically to save money. You can easily save through mobile banking. That is my most preferred saving method.

    You could also save through joining contribution groups. Those will help you a lot if you don’t want to go to the bank or if you don’t have self discipline to save in your mobile bank. The contribution group treasurer will be responsible for taking the money to the bank and keeping people accountable to save.

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